A popular trading approach to the most actively traded market in the world

With a number of Internet services now offering retail traders direct access to the interbank foreign exchange market, retail participation in this area is growing dramatically. But in order to profit from this opportunity, traders must be prepared. In Sentiment in the FOREX Market, analyst Jamie Saettele presents new ways to look at and use traditional tools such as the Commitment of Traders reports and oscillators in order to gauge sentiment extremes that lead to market reversals. He explains how to time trades with Elliott Wave theory and pivot points and see through the mainstream financial media's "fitting" of news to price action. Written in a straightforward and accessible style, this book will put traders in a better position to succeed as they use sentiment indicators and strategies to profit from crowd behavior and market extremes.

Jamie Saettele (New York, NY) is the technical currency analyst at Forex Capital Markets LLC (FXCM). In addition to writing daily technical commentaries on the seven major currency pairs as well as currency crosses, he is deeply involved in developing and back testing automated trading systems for FXCM.

Item tags:
market, sentiment, trading, profit, sentiment forex market, behavior market extremes, forex market indicators, trading sentiment forex